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  • A Commitment To Support Initiatives

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    The document discusses corporate social responsibility (CSR) guidelines in India for companies meeting certain net worth, turnover, and profit thresholds, requiring them to spend 2% of their average profits over the past 3 years on social activities. It notes that around 8,000 companies fall under this CSR mandate and are estimated to spend between 10,000 and 12,000 crore (1 crore = 10 million) annually to support initiatives in education, health, and other marginalized sectors, helping to achieve national goals as the state budget alone is insufficient and private sector participation is essential.

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    Yojana July Notes

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    The document discusses corporate social responsibility (CSR) guidelines in India for companies meeting certain net worth, turnover, and profit thresholds, requiring them to spend 2% of their average profits over the past 3 years on social activities. It notes that around 8,000 companies fall under this CSR mandate and are estimated to spend between 10,000 and 12,000 crore (1 crore = 10 million) annually to support initiatives in education, health, and other marginalized sectors, helping to achieve national goals as the state budget alone is insufficient and private sector participation is essential.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views1 page

    A Commitment To Support Initiatives

    Uploaded by

    anna
    The document discusses corporate social responsibility (CSR) guidelines in India for companies meeting certain net worth, turnover, and profit thresholds, requiring them to spend 2% of their average profits over the past 3 years on social activities. It notes that around 8,000 companies fall under this CSR mandate and are estimated to spend between 10,000 and 12,000 crore (1 crore = 10 million) annually to support initiatives in education, health, and other marginalized sectors, helping to achieve national goals as the state budget alone is insufficient and private sector participation is essential.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    A Commitment to support Initiatives:

    Corporate Social Responsiilty(CSR)-Organizations for impact on people,planet,profits


    Guidelines issued to companies under companies act 2013 which are covered under CSR
    Net worth 500 cr or more,turn over 1000 cr or more and Profit 5 crore or more.
    8000 companies come under CSR
    2% of their average profit in last 3 years should spend on social activities
    Estimated spending of 10000 to 12000 crore annually
    As per section 135 of companies act should form CSR committee board of 3 directors of 1 independent
    director
    The state budget is insuffiecient to meet increasing demands
    Private sectorparticipation is essential to meet the goals of marginalized sectors i.e education,health etc
    HDR by United Nations Development Programme india placed at 131/188 countires
    Govt initiatives like make in india ,digital india have cascading effect on activities
    17 SDGs by UN in 2015,are becoming pivotal for CSR
    World Economic Forum Global Risks survey 2016 tells Profound social instability and structural
    unemployment account for 5% of interconnections

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